Edition:
United Kingdom

Finland's Neste Q3 EBIT beats analysts' expectations


Thursday, 26 Oct 2017 

Oct 26 (Reuters) - NESTE OYJ :Q3 COMPARABLE EBIT ‍350​ MILLION EUROS VERSUS 260 MILLION EUROS IN REUTERS POLL.SAYS ‍EXPECTS OIL PRODUCTS' REFERENCE REFINING MARGIN TO DECREASE FROM PEAK LEVELS SEEN DURING Q3, REFLECTING END OF DRIVING SEASON​.SAYS ‍RENEWABLE PRODUCTS' ADDITIONAL MARGIN IS EXPECTED TO STAY AT A GOOD LEVEL DURING Q4​.SAYS ‍OIL PRODUCTS' ANNUAL AVERAGE REFERENCE MARGIN FOR 2017 IS EXPECTED TO BE ABOVE PREVIOUS YEAR'S LEVEL​.SAYS ‍PORVOO REFINERY IS EXPECTED TO RUN AT A HIGH UTILIZATION RATE, EXCEPT FOR A SCHEDULED FOUR-WEEK DECOKING MAINTENANCE AT PRODUCTION LINE 4 DURING Q4​.